TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

My Corporation vs Harbor Compliance

We recommend

 

Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

 

MY CORPORATION

MyCorporation loves to help small businesses get started; what else would you expect from a service whose tagline is "Entrepreneurs welcome"? Based in California, this company incorporation service has been around for more than 20 years.

Although they are not accredited by the BBB, MyCorporation did have an A+ rating there at the time of our review. In the customer comments we found on other third-party sites, most clients report receiving excellent customer service, both during the initial order placement steps as well as throughout the process of incorporation and needed support afterwards. We didn't find nearly as many customer reviews as we would expect from a company that has helped "over one million businesses form and grow" since 1995.

One of the first things that we liked about working with MyCorporation was the free consultation. If you need help identifying your goals and want some guidance with the appropriate next steps to move your business forward, you'll definitely want to take advantage of this complimentary service; click on the "Free Startup Consultation" button and enter your information, and you'll be connected with a representative.

On the other hand, if you'd rather take a DIY approach before connecting with MyCorporation, scroll down and take a look at the Free Entity Wizard or Comparison Chart. These will help you figure out what type of corporation best fits your business needs.

MyCorporation's packages start at $89 with the Basic level of service. For this low fee, you'll get your Articles of Incorporation, Business Documents, and Business Name Check. All packages also include free online accounting, free domain name, and a custom business logo.

The Standard package costs $99 and adds your Annual Report.

At a price of $199, the Deluxe plan also includes a year of Registered Agent Service.

Finally, the highest service level is MyCorporation's Premium package. This includes their MaintainMyBiz service, which includes any four business filings per year and is considered a corporate maintenance package, not just what's required to get your company incorporated.

Beyond those features listed, everything else that MyCorporation offers can be added a la carte. Some of these additional services include Rush Filing, Customized Corporate Minutes and Bylaws, and MyCorp Vault Document Storage. Although we like the idea that business owners only have to pay for the services they really need - does anyone actually use a seal and embosser set? - it seemed that MyCorporation charges extra for services that many of their competitors include with their packages, particularly on the higher end of the price spectrum.

But, overall, MyCorporation offers a good spectrum of services and has a very positive reputation, and we feel confident recommending them particularly to small business owners who like knowing that they'll only pay for the company incorporation services they genuinely need.

Visit Site >

HARBOR COMPLIANCE

When it comes to incorporating a company, there's a lot more to it than just filing paperwork: making sure to do that legally, while continuing to fulfill all of the requirements to stay legal, can be a part of the process that gets the best of a well-meaning business owner. Harbor Compliance aims to change that. Beginning in 2012, they've helped more than 10,000 customers to create and maintain their business incorporation and licensing across a wide variety of industries.

The first thing you may notice is their pricing: Harbor Compliance is the most expensive company incorporation service on the market, with their two packages priced at $499 and $899. And no, those costs do not include any mandatory state filing fees. Unfortunately, these high prices may put their services out of reach for business owners who are looking for help with incorporation that is more affordable than working with an attorney.

So, for what type of business owner would Harbor Compliance be ideal? We suggest that if you have more to spend, and if you want a concierge-type experience with not only your company's incorporation but also its maintenance after that process is complete, you may find Harbor Compliance to be your best fit.

Here's what you'll get with incorporation services through Harbor. Both their Incorporation Package and their Compliance Package include the following:

  • Name Availability Check
  • Articles of Incorporation
  • Bylaws
  • Federal EIN
  • Registered Agent Service (subsequent years billed at $99)
  • Compliance Specialist: this is probably the most well-loved feature, according to Harbor Compliance's previous and current clients. Within one business day of starting the process, you'll be introduced to your personal representative who will prepare each of your filings and work with you one-on-one to incorporate your company. This person will be your dedicated rep throughout the entire process; your calls or emails will never go to a third-party call center or a bank of customer service agents.

If you prefer the full Compliance Package, that also includes these features:

  • Corporate Kit: blue binder with embossed company name and tab dividers for company records, corporate seal, 20 stock certificates/share roll/transfer ledger/ software for producing corporate documents like meeting minutes and corporate resolutions
  • S-Corp Tax Election
  • Initial Report
  • Publishing
  • Managed Annual Report Service
  • Ongoing Support

Is it worth the investment? Only you can determine the answer to that question for your business, but you can rest assured that if you do choose Harbor Compliance, they have an excellent reputation for meticulous attention to detail and warm, knowledgeable customer service. You'll find evidence of this not only through their A+ rating with the Better Business Bureau, but also in their client testimonials that express gratitude for the step-by-step guidance received through Harbor's dedicated service representatives.

Harbor Compliance does what it promises and does it extremely well. But, for our purposes, we give them a middle-of-the-pack rating because their fees and limited two-package options won't give many small business owners the company incorporation services they can afford.

Visit Site >


Best Company Incorporation

To help you find the Best Company Incorporation, TopConsumerReviews.com provides you with an in-depth comparison of My Corporation and Harbor Compliance.

Who has the best Company Incorporation Service? Are you a small business owner looking to protect yourself by separating your business from your personal assets? Or maybe you're a freelancer who wants to grow from a sole proprietorship to an agency, and you'd like to have the legal and brand benefits that come from adding "Inc." to your business' name?

Company Incorporation is a common strategy used in these situations - and many others - as business owners seek to take the next steps in growing their brand and protecting their assets. Setting up your business as a corporation can provide many benefits through creating a legal entity that is separate from its members: in other words, you can't be held legally responsible as an individual for the debts of your business.

There are several different types of corporate entities that business owners use for these purposes - Limited Liability Companies (LLCs), S-Corporations, C-Corporations, Non-Profit Corporations, and so on. The best way to choose the right corporation type for your business and also get it put into place in the most affordable way possible is to work with a Company Incorporation service. These providers offer the same guidance, document preparation assistance, and filing help as you would receive by meeting with a local attorney, but for fees that can often be thousands of dollars less.

As you consider the various Company Incorporation services currently available, you will want to keep several criteria in mind:

  • Services. What is included in the fees you'll pay? Most providers have several levels of incorporation packages, from basic to full-featured. Can you get all of the add-ons you might need, like filing your Articles of Incorporation with your state?
  • Cost. What will you pay for your company incorporation process? Is it a flat-fee, or are there a lot of extra charges? Bear in mind that every state has filing fees that are independent of the incorporation service.
  • Reputation. How many companies has the service incorporated? What do those clients have to say about the ease or difficulty of working with the provider to get everything prepared and filed? Does the incorporation service have a history of satisfied customers?

TopConsumerReviews.com has reviewed and ranked the best Company Incorporation services currently available. We hope this information helps you incorporate your business right away!



Why Should You Incorporate Your Business?

Perhaps you've been in business for a while and feel you want to formalize your status, legally and otherwise. Perhaps your business has been local to date, but you are looking toward operating in more than one state. Maybe you are competing with larger companies in the same niche and feel a change in legal status will bump up your credibility. Or maybe you just like the sound of the syllable "Inc." after your business name.

There are myriad answers to the question, "Why should you incorporate your business." Following are just a few:

Protect Your Assets
If you've owned a sole proprietorship, you know all too well that not only does the buck stop with you relative to operations, you're also on the hot seat when it comes to financial and legal complications that may arise. If a sole proprietorship stumbles under the weight of excessive debt or is taken to court, it's the proprietor's personal as well as business assets that are at risk. A corporation is a legal entity all its own. If your company faces legal issues or cannot meets its obligations, your personal assets do not come into play.

Gain Tax Advantages
When you incorporate your business, the IRS allows you to get a tax ID number for your business, establishing its status as a separate entity relative to tax liability. In fact, a corporation files its own tax return -- paying taxes on its profits -- at a complete remove from your individual return.

Separate tax identity alone can be enough justification for some to incorporate their businesses. Keep in mind, though, that when you incorporate, you and any other owners also become shareholders. If your company distributes dividends, you must pay taxes on that dividend income when you file your personal return.

Formalize Status
When you incorporate, you must make your business known to state, and sometimes local, authorities. Regulation specifics vary by state, but nearly universally, you must file articles of incorporation with your state's Secretary of State's office. In addition, you will have to create and record by-laws. Moreover, you'll have to set up a calendar of regular shareholder meetings; the minutes from those meetings must be recorded and kept on file at your company. The shareholders are required to elect a board of directors who must also meet regularly to make important decisions about the firm. Not surprisingly, establishing a corporate structure typically requires engaging the services of a lawyer or law firm.

Make a Name (or Two) for Yourself: State and Local Recognition
One key step toward incorporation is filing a business name with state and/or local authorities. If you want to do business under more than one name, you'll also need to file one or more fictitious business name statements. For example, if your company is called Snow Corporation, and you want to sell skis under the name "Speed Plus Company," you have to submit the appropriate paperwork to the relevant authorities.

Raising Capital
Finally, incorporating your business makes it possible to raise capital by selling shares to stockholders. Relying solely on bank or personal loans or company profits for financing will be a thing of the past.

The decision to incorporate should be a deliberate one. The administrative costs alone should be enough to deter you from entering into this new status lightly. Should you decide to take the plunge, incorporating could be a crucial step in your company's journey.

 



Company Incorporation In The News

Company Profile for MetLife, Inc.

MetLife, Inc. (MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset ...

Published:  Mon, 10 Dec 2018 09:11:00 GMT



TSR Inc. says it plans to pursue a 'strategic acquisition'

Hauppauge-based technology staffing company TSR Inc., which late last month rejected a takeover bid from a major shareholder, said it plans to pursue a "strategic acquisition." The move, recommended b...

Published:  Mon, 10 Dec 2018 13:01:00 GMT



Jasper Contractors Inc. Acquires Orlando-Based Commercial Roofing Company

ORLANDO, Fla., Dec. 10, 2018 /PRNewswire-PRWeb/ -- Jasper Contractors, Inc., one of the largest residential and commercial roofing companies in Florida, has announced the acquisition of One Source Roo...

Published:  Mon, 10 Dec 2018 09:42:00 GMT



Jericho Oil Announces 725 BOE per Day STACK Well Targeting Meramec Formation

Our experience throughout 2018, by way of drilling and participating in both target-zone formation wells, has provided our STACK JV the proper catalysts of data to leverage into the Company's ...

Published:  Mon, 10 Dec 2018 13:09:00 GMT



Astea International Earns Frost & Sullivan's 2018 Company of the Year Award in Mobile Field Service Management

HORSHAM, Pa., Dec. 10, 2018 /PRNewswire/ -- Astea International Inc., a leading global provider of field service management and mobility solutions, announced today that it has earned the 2018 Company ...

Published:  Mon, 10 Dec 2018 09:17:00 GMT



Adtech company leaving 33 Whitehall for 42K sf at Brookfield Place

Digital marketing company Fluent, Inc., fresh off a spin-off from its parent company, is growing into a new office in the Financial District. The eight-year-old company signed a sublease for just ...

Published:  Mon, 10 Dec 2018 10:00:00 GMT



Here's Why Ra Pharmaceuticals Inc. Is Soaring Today

Shares of Ra Pharmaceuticals Inc.(NASDAQ: RARX), a clinical-stage biopharmaceutical company, are on the rise after its lead candidate hit the mark in a mid-stage study for the treatment of myasthenia ...

Published:  Mon, 10 Dec 2018 12:26:00 GMT



Compel Capital Inc. Announces Shares for Debt Transaction

TORONTO, Dec. 10, 2018 /CNW/ - Compel Capital Inc. (the "Company") has completed shares for debt transactions with arms-length creditors, pursuant to which the Company issued an aggregate of ...

Published:  Mon, 10 Dec 2018 11:29:00 GMT



Emerson Electric Co.: Emerson Completes Acquisition of iSolutions Inc.

We make the Industrial Internet of Things (IIoT) tangible through our approach focused on business needs and readiness,' said Thomas ... For more information about iSolutions Inc., visit iSolutions.co...

Published:  Mon, 10 Dec 2018 12:24:00 GMT



Government contractor to Watch: Meet Evans Inc.

What does Evans Inc. do, exactly Consulting, specifically the "human-centered" kind - organizational change management, business process improvement, program management and strategic planning. The co...

Published:  Mon, 10 Dec 2018 10:39:00 GMT




We recommend

 

- View Full Site -